2022-03-31-accounts - Stanley Arts

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		Page
Chair's Foreword	1	to	2
Report of the Trustees	3	to	7
Statement of Trustees' Responsibilities		8
Independent Examiner's Report		9
Statement of Financial Activities		10
Balance Sheet		11
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	25

Trustees
C McLeod
R Coopey	(appointed 19.5.21)
3 Burden
0 Allen
S Ballard	(appointed 19.5.21)
S D'Anjou	(appointed 19.5.21)
C Evans	(appointed 19.5.21)
A Green	(appointed 19.5.21)
K Thomas−Currie	(appointed 19.5.21)
G Whitlock
EM Williams	(appointed 19.5.21)
K Bee	(resigned 18.5.21)
3 Higgott	(resigned 18.5.21)
3 Pelluet	(resigned 18.5.21)

					31.3.22	31.3.21
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and grants		3	63,007	145,627	208,634	332,745
Charitable activities
Cafe & Bar			154,448		154,448	58,631
Community Letting			253,301		253,301	54,285
Performance Arts	:		56,132		56,132	38,362
Other Income			8,486		8,486	9,690
Investment income		4	44		44	115
Total			535,418	145,627	681,045	493,828
EXPENDITURE ON
Raising funds
Raising donations and	legacies	6	17,427		17,427	15,674
			17,427		17,427	15,674
Charitable activities		7
Cafe & Bar			156,793	91,754	248,547	107,633
Community Letting			150,781	33,717	184,498	184,481
Performance Arts			161,327	33,717	195,044	167,850
Total			486,328	159,188	645,516	475,638
NET INCOME/(EXPENDITURE)			49,090	(13,561)	35,529	18,190
Transfers between funds		19	(6)	6
Net movement in funds			49,084	(13,555)	35,529	18,190
RECONCILIATION OF FUNDS
Total funds brought forward			29,255	13,555	42,810 −	24,620
TOTAL FUNDS CARRIED FORWARD			78,339		78,339	42,810

				31.3.22	31.3.21
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	13	72,283	399,971	472,254	75,886
CURRENT ASSETS
Stocks	14	5,908		5,908	2,709
Debtors	15	10,262	419,483	429,745	33,744
Cash at bank and in hand		177,725	101,483	279,208	137,901
		193,895	520,966	714,861	174,354
CREDITORS__
Amounts falling due within one year	16	(107,839)	(920,937)	(1,028,776)	(127,430)
NET CURRENT ASSETS		86,056	(399,971)	(313,915)	46,924
TOTAL ASSETS LESS CURRENT LIABILITIES		158,339		158,339	122,810
CREDITORS
Amounts falling due after more than one year	17	(80,000)		(80,000)	(80,000)
NET ASSETS		78,339		78,339	42,810
FUNDS	19
Unrestricted funds				78,339	29,255
Restricted funds					13,555
TOTAL FUNDS				78,339	42,810

		31.3.22	31.3.21
	Notes
Cash flows from operating activities
Cash generated from operations	1	475,022	68,340
Net cash provided by operating activities		475,022	68,340
Cash flows from investing activities
Purchase of tangible fixed assets		(424,954)	(53,121)
Interest received		44	115
Net cash used in investing activities		(424,910)	(53,006)
Change in cash and cash equivalents in
the reporting period		50,112	15,334
Cash and cash equivalents at the
beginning of the reporting period	2	137,895	122,561
Cash and cash equivalents at the end of
the reporting period	2	188,007	137,895

		1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM	OPERATING	ACTIVITIES
						31.3.22	31.3.21
			Net income for the reporting period (as per the Statement of Financial Activities)			35,529	18,190
			Adjustments for:
			Depreciation charges			28,586	29,827
			Interest received			(44)	(115)
			(Increase)/decrease in stocks			(3,199)	1,512
			Increase in debtors			(396,001)	(6,391)
			Increase in creditors			810,151	25,317
			Net cash provided by operations			475,022	68,340
—	2	: −−−−ANALYSIS OF CASH AND CASH EQUIVALENTS
						31.3.22	31.3.21
			Cash in hand			1,517	1,222
			Notice deposits (less than 3 months)			277,691	136,679
			Overdrafts included in bank loans and overdrafts falling due	within one	year	(91,201)	(6)
			Total cash and cash equivalents			188,007	137,895
		3.	ANALYSIS OF CHANGES IN NET FUNDS
				At 1.4.21		Cash flow	At 31.3.22
			Net cash
			Cash at bank and in hand		137,901	141,307	279,208
			Bank overdrafts		(6)	(91,195)	(91,201)
					137,895	50,112	188,007
			Debt
			Debts falling due within 1 year Debts falling due after 1 year		(10,000) (80,000)		(10,000) (80,000)
					(90,000)		(90,00Ci)
			Total		47,895	50,112	98,007

DONATIONS AND GRANTS
	31.3.22	31.3.21
	£	£
Donations	2,059	2,096
Government Grants	34,112	225,183
Local Council Grants		57,216
Other Grants	172,463	48,250
	208,634	332,745

	31.03.22	31.03.21
	£	£
Coronavirus Job Retention Scheme (CJRS)	5,112	66,863
Small Business Grant Fund	29,000	52,222
	34,112	119,085

4.	INVESTMENT INCOME
			31.3.22	31.3.21
			E	E
	Deposit account interest		44	115
S.	INCOME FROM CHARITABLE ACTIVITIES
			31.3.22	31.3.21
		Activity	£	£
	Cafe & bar sales	Cafe & Bar	154,448	58,631
	Letting income	Community Letting	253,301	54,285
	Performance art events	Performance Arts	56,132	38,362
	Other income	Other Income	8,486	9,690
			472,367	160,968
6.	RAISING DONATIONS AND	LEGACIES
			31.3.22	31.3.21
			E	E
	Advertising and marketing		17,427	15,674

CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs	note 8)	Totals
Cafe & Bar	156,304	92,243	248,547
Community Letting		184,498	184,498
Performance Arts	10,546	184,498	195,044
	166,850	461,239	628,089

SUPPORT COSTS
					Governance
		Management		Finance	costs		Totals
		£		£	E		E
Cafe & Bar		90,272		595	1,376		92,243
Community Letting		180,556		1,190	2,752		184,498
Performance Arts		180,556		1,190	2,752		184,498
		451,384		2,975	6,880		461,239
Support costs, included in the above, are as follows:
Management
					31.3.22		31.3.21
	Cafe &	Community		Performance	Total		Total
	Bar	Letting		Arts	activities		activities
	E	E		E	E		£
Wages	39,103	78,207		78,207	195,517		197,593
Social security	3,129	6,260		6,260	15,649		13,121
Pensions	664	1,327		1,327	3,318		2,839
Rent and premises expenses	16,766	33,535		33,535	83,836		75,757
Insurance	997	1,996		1,996	4,989		4,901
Telephone and internet	424	846		846	2,116		1,601
Office supplies	457	916		916	2,289		892
Sundries	4,379	8,758		8,758	21,895		56,700
Legal and professional
services Depreciation of tangible and _____ heritage assets −	_ 18,637 5−,716	37,276 _11;435	−	37,276 11,435	93,189 287586−		13,966 29,827
_ _
	90,272	180,556		_180,556 _ _	451,384	−	3977197
Finance
					31.3.22		31.3.21
	Cafe &	Community		Performance	Total		Total
	Bar	Letting		Arts	activities		activities
	E	E		E	E		E
Bank charges	595	1,190		1,190	2,975		2,615

SUPPORT COSTS −continued Governance costs
				31.3.22	31.3.21
	Cafe &	Community	Performance	Total	Total
	Bar	Letting	Arts	activities	activities
	E	E	E	E	£
Wages	800	1,600	1,600	4,000	3,640
Independent examiners'
remuneration	576	1,152	1,152	2,880	3,954
	1,376	2,752	2,752	6,880	7,594
INDEPENDENT EXAMINERS' REMUNERATION
				31.3.22	31.3.21
				E	E
Fees payable to the charity's independent examiners for the independent examination				of
the charity's financial statements				2,880	2,400

STAFF COSTS
	31.3.22	31.3.21
Wages and salaries	235,440	201,233
Social security costs	15,649	13,121
Other pension costs	3,318	2,839
	254,407	217,193

31.3.22	31.3.21
19	14

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fund	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and grants	49,318	283,427	332,745
Charitable activities
Cafe & Bar	58,631		58,631
Community Letting	54,285		54,285
Performance Arts	38,362		38,362
Other Income	9,690		9,690
Investment income	115		115
Total	210,401	283,427	493,828
EXPENDITURE ON
Raising funds
Raising donations and legacies	15,674		15,674
	15,674		15,674
Charitable activities
Cafe & Bar	52,635	54,998	107,633
Community Letting	68,560	115,921	184,481
Performance Arts	61,397	106,453	167,850
Total	198,266	277,372	475,638
NET INCOME	12,135	6,055	18,190
RECONCILIATION OF FUNDS
Total funds brought forward	17,120	7,500	24,620
TOTAL FUNDS CARRIED FORWARD	29,255	13,555 −	42,810

13.	TANGIBLE FIXED ASSETS
		Improvements		Fixtures
		to	Plant and	and
		property	machinery	fittings	Totals
		£	£	£	E
	COST
	At 1 April 2021		88,728	46,943	135,671
	Additions	399,971	23,963	1,020	424,954
	At 31 March 2022	399,971	112,691	47,963	560,625
	DEPRECIATION
	At 1 April 2021		28,510	31,275	59,785
	Charge for year		23,069	5,517	28,586
	At 31 March 2022		51,579 −	36,792	88,371
	NET BOOK VALUE
	At 31 March 2022	399,971	61,112	11,171	472,254
	At 31 March 2021		60,218	15,668	75,886
14.	STOCKS
				31.3.22	31.3.21
				£	£
	Stocks			5,908	2,709
15.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.22	31.3.21
				£	£
	Trade debtors			390,117	16,915
	Other debtors			1,145,	−
	Prepayments and accrued income			38,483	16,829
				429,745	33,744
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.22	31.3.21
				£	£
	Bank loans and overdrafts (see note 18)			91,201	6
	Other loans (see note 18)			10,000	10,000
	Trade creditors			369,792	10,929
	Social security and other taxes			5,311	154
	Other creditors			19,776	4,085
	Accrued expenses			66,070	45,822
	Deferred income			466,626	56,434
				1,028,776	127,430

17.	CREDITORS: AMOUNTS FALLING DUE	AFTER	MORE	THAN	ONE YEAR
						31.3.22	31.3.21
						E
	Other loans (see note 18)					80,000	80,000
18.	LOANS
	An analysis of the maturity of loans is given below:
						31.3.22	31.3.21
						E
	Amounts falling due within one year on demand:
	Bank overdraft					91,201	6
	Other loans					10,000	10,000
	_
						101,201	10,006
	Amounts falling between one and two years:
	Other loans −1−2 years					10,000	80,000
	Amounts falling due between two and five years:
	Other loans −2−5 years					30,000
	Amounts falling due in more than five years:
	Repayable otherwise than by instalments:
	Other loans more 5yrs non−inst					40,000
19.	MOVEMENT I N FUNDS
					Net	Transfers
					movement	between	At
			At 1.4.21		in funds	funds	31.3.22
			£		£	f	E
	Unrestricted funds
	General fund		29,255		49,090	(6)	78,339
	Restricted funds
	Arts Council		1,470		(1,470)
	National Lottery Community Fund			(6)
	Historic England −Covid Emergency		12,091		(12,091)
		_
			13,555		(13,561)
	TOTAL FUNDS		42,810		35,529		78,339

	Incoming	Resources	Movement
	resources	expended	in funds
	E	E	E
Unrestricted funds
General fund	535,418	(486,328)	49,090
Restricted funds
Arts Council	24,603	(26,073)	(1,470)
Historic England −Covid Emergency	−	(12,091)	(12,091)
Architectural Heritage Fund −Capital Development Grant	59,450	(59,450)
Leche Trust	2,000	(2,000)
Historic England −Cultural Consortium
Project	16,591	(16,591)
Croydon Council	4,500	(4,500)
National Lottery Heritage Fund	38,483	(38,483)
	145,627	(159,188)	(13,561)
TOTAL FUNDS	681,045	(645,516)	35,529

		Net
		movement	At
	At 1.4.20	in funds	31.3.21
Unrestricted funds
General fund	17,120	12,135	29,255
Restricted funds
Arts Council		1,470	1,470
National Lottery Community Fund Historic England −Covid Emergency		_ (6) 12,091	_ (6) 12,091
Croydon Culture Relief Fund	7,500	(7,500)	−
	7,500	6,055	13,555
TOTAL FUNDS	24,620	18,190	42,810